Wheel Strategy
Paper
Practice the Wheel strategy with paper money
Walk through a full paper Wheel cycle — open a cash-secured put, confirm assignment, then sell a covered call against the assigned shares. Broker connect ships in a later slice.
Paper trading only
This sandbox runs the Wheel strategy with simulated money — no broker connection, no real-money execution, no signup required. Read our privacy policy to see how we handle your data.
Start with a screener candidate
Optional shortcut
Select a recent qualifying setup to prefill the paper trade. You can edit every value before recording it.
Sell a cash-secured put
Paper trade a Put leg. Fill in the ticker, strike, expiration, premium, and share count — the Wheel engine validates the leg, then we render the resulting position. Broker connect and a persisted audit trail ship in later slices.